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News SIG’s revenues grow in 2022 despite softer second half

SIG’s revenues grow in 2022 despite softer second half

Written by Global Insulation staff
13 February 2023
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UK: SIG’s sales revenue grew by 17% year-on-year to Euro3.12bn in 2022 on a like-for-like basis. Market demand fell in the second half of the year with particularly slowed growth in Poland and Ireland although growth increased in the Benelux region. The group said that its commercial strategy had strengthened its positions in the markets in which it operate. It observed that although input price inflation eased in the second half of 2022 it had slowed revenue growth. The company also reported a one-off loss of around Euro5.60m in the second half due to Avonside, a large UK-based roofing contractor and one of the group's largest customers, entering financial administration.

Last modified on 08 March 2023
Published in Global Insulation News
Tagged under
  • UK
  • SIG
  • Results
  • GGM52
  • Poland
  • Ireland
  • Benelux Region
  • inflation
  • Avonside Group

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